August 9th, 2024

Lee and Jimmie discuss this week's price action, Figure's new decentralized custody exchange, Ripple's $125 million civil money penalty, and the rise and fall of a Donald Trump-themed token. Lee's X: @leereiners Jimmie's X: @jimmie_lenz Related Links: Is Bitcoin Still a Store of Value? https://www.coindesk.com/markets/2024/08/05/is-bitcoin-still-a-store-of-value/?utm_source=securitiesdocket.beehiiv.com&utm_medium=newsletter&utm_campaign=will-jarkesy-hit-the-pcaob-harder-than-the-sec&_bhlid=73309af65d529df9f672117e2431970f81267a93 Figure Markets Launches Exchange with Decentralized Custody and Democratized Prime Brokerage: https://financefeeds.com/figure-markets-launches-exchange-with-decentralized-custody-and-democratized-prime-brokerage/ Ripple Hit With $125 Million Penalty, Fraction of SEC Claim: https://finance.yahoo.com/news/ripple-labs-ordered-pay-125-200549311.html?utm_source=securitiesdocket.beehiiv.com&utm_medium=newsletter&utm_campaign=court-orders-ripple-to-pay-125m-penalty-ripple-declares-victory-for-industry-and-the-rule-of-law&_bhlid=fcc6e2ec9d774b024058e52e02b8850b2d582224&guccounter=1 A Trump-Themed Token Soars, Then Dives 95% After His Son Dashes Hope the Former President Backed It: https://www.coindesk.com/markets/2024/08/08/a-trump-themed-token-soars-then-dives-95-after-his-son-dashes-hope-the-former-president-backed-it/?_gl=1*10j4kvc*_up*MQ..*_ga*Nzg1MzE3OTk1LjE3MjI1OTg0MTk.*_ga_VM3STRYVN8*MTcyMzE1NDAwNi4yLjAuMTcyMzE1NDAwNi4wLjAuMTQwNDk5NjA5MA